The World Bank's View of the Effectiveness of Industrial Policies

question 14

Multiple Choice

The World Bank's view of the effectiveness of industrial policies in East Asia is that,in general,they

• A)hindered growth.
• B)had little or no effect on growth.
• C)encouraged growth.
• D)are the main factor in the success of the East Asian economies.

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Definitions:

Accounts Receivable

Funds that are due to a company from clients for products or services provided on credit.

Fees Earned

Revenue from providing services.

Purchases Journal

The purchases journal is a specialized accounting ledger that tracks all purchase transactions of a business, including inventory purchases on credit.

Supplies Account

An account in the general ledger that records the amount spent on supplies that are used in the operation of a business.